FXStreet · 1 min read

EUR/USD Price Forecast: Weakens below 1.1600, further consolidation cannot be ruled out

EUR/USD Price Forecast: Weakens below 1.1600, further consolidation cannot be ruled out

The EUR/USD pair loses traction to near 1.1575 during the early European session on Wednesday. The US Dollar (USD) strengthens against the Euro (EUR) amid hawkish Federal Reserve (Fed) stance and escalating Middle East geopolitical tensions.

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